Comment by otterley
11 days ago
Those factors are tied together and aren’t easily separable. The racism and classism comes in because they believe that people of a different race or class will diminish the value of their investment.
11 days ago
Those factors are tied together and aren’t easily separable. The racism and classism comes in because they believe that people of a different race or class will diminish the value of their investment.
If enough people believe this then it is true. That's just how markets work.
It is how (unregulated) markets work, but is this the right outcome? What do you think would happen if this were allowed to play out to its logical extent?
Desirable things become expensive and undesirable things become inexpensive.